Madoff-style firepower
29.11.2011 - EB
Glossary of difficult words
firepower - the destructive capacity of guns, missiles or a military force; in this context, the amount of financial resources available for achieving a stated goal;red flag - a red flag as a warning sign of danger or a problem;
feeder fund - a fund that conducts almost all of its investment through another fund;
leveraged capital - borrowed money used to increase one's speculative capacity and to increase the rate of return from an investment;
sovereign debt - government bonds;
to leverage-up - to increase the amount of debt.